President Obama Addresses The Nation On Dangers Of Default

Jan 2005
6,711
30
Massachusetts
#1
[youtube]http://www.youtube.com/watch?v=O08VHT6TsRM[/youtube]



What are your thoughts on this? One thing that I think may help reduce spending is all of the money that goes to those who have worked in the public and receive pension plans until the day they die.. I can't believe you can work 20 years and then retire and collect around eighty percent of the average of 3 highest years of pay.. Lots of people collect pensions and then work in other states, easily earning 6 figures all funded by tax payers..



This is sad...
 
Jul 2007
45,060
6,493
NJ
#2
The only spending reductions that would be enough to make any kind of difference are cuts to entitlements and defense. But the issue here is only spending because the republicans want to attach this to the debt limit increase issue. They are separate issues and we should just pressure these asshats to vote to raise the debt ceiling. Period. These guys are only playing politics with this issue, and all this hot air about the deficits is just more republicans controlling the talking points again. What really matters right now is economic growth and jobs. With an agreement by both parties to reduce the deficit in as serious way in the long term. That's it. The rest is bullshit.
 
Mar 2007
31,837
5,217
Pensacola, FL
#3
[youtube]http://www.youtube.com/watch?v=O08VHT6TsRM[/youtube]

Lots of people collect pensions and then work in other states, easily earning 6 figures all funded by tax payers..



This is sad...
Given the opportunity, wouldn't you do the same thing? A least these people actually work and contributed by paying taxes themselves.
 
Jan 2005
6,711
30
Massachusetts
#4
Given the opportunity, wouldn't you do the same thing? A least these people actually work and contributed by paying taxes themselves.


I definitely would! Hell I would be happy working for the state and earning a nice pension plan.. deep down inside I know that's one of the major factors as to why we're in debt, but if it's how the system works might as well take advantage of it.
 
Mar 2007
17,145
258
San Diego, CA
#5
I am pretty sure that they are hearing it from us regarding criticism. And if they are, they need to address that. Like, "we apologize for the way he handled this."
 
Jul 2007
45,060
6,493
NJ
#6
pensacola_niceman' timestamp='1311954218' post='344465 said:
Given the opportunity, wouldn't you do the same thing? A least these people actually work and contributed by paying taxes themselves.


I definitely would! Hell I would be happy working for the state and earning a nice pension plan.. deep down inside I know that's one of the major factors as to why we're in debt, but if it's how the system works might as well take advantage of it.




No RHS, actually it isn't one of the major factors of why we are in debt. Those would be not paying for two wars or even including them in the budget for years, not paying for the Medicare prescription act, not paying for the Bush tax cuts and then having to bail out an economy in a free fall due to those unpaid for expenses.
 
Feb 2007
34,677
17
Los Angeles
#7
At the state level bloated public worker pensions are a huge burden, especially in socialist states like CA, NJ and MA. And these are the same states that are forced to subsidise 30+ smaller states, the forced redistribution of wealth nobody wants to talk about.



Very few private sector workers get these kind of guaranteed, inflation adjusted pensions, it's mostly 401K's that are subject to the volatility of the markets.



Why take the risk of starting a business if you can work for the govt for 20 years then retire at under 50, get another job or just travel all year while the working stiffs pay your pension??
 
Jul 2007
45,060
6,493
NJ
#8
New Jersey hasn't contributed to the funding of the pensions since Governor Whitman was in office. So to claim that bloated pensions are the problem is bunk. The politicians are the problem and the costs of heath care are the problem. And corruption. Not the middle class.
 
Oct 2010
68,119
27,938
Colorado
#10
pensacola_niceman' timestamp='1311954218' post='344465 said:
Given the opportunity, wouldn't you do the same thing? A least these people actually work and contributed by paying taxes themselves.


I definitely would! Hell I would be happy working for the state and earning a nice pension plan.. deep down inside I know that's one of the major factors as to why we're in debt, but if it's how the system works might as well take advantage of it.


The single-dippers aren't so bad as the double and triple-dippers. Enlist in the armed services for twenty years, then get a government job and work in it for twenty years, and then run for office after you're 62, serve for five years, and bingo, you're a triple-dipper!!
 

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